3G Completes $3.26B Burger King Takeover

By: Associated Press
By: Associated Press

New York, NY (AP) - Investment firm 3G Capital has finished its
$3.26 billion buyout of Burger King Holdings Inc., the two
companies said Tuesday.
3G, based in New York, announced last month that it would
acquire the burger chain at $24 per share. The companies value the
transaction at $4 billion including the debt the buyer would
assume.
Burger King, based in Miami, said the deal, announced last
month, will allow the 12,000-restaurant chain to expand faster
overseas.
Bernardo Hees will become CEO of the company, while Alexandre
Behring, 3G's managing director, will be the co-chairman alongside
Burger King chairman and CEO John Chidsey.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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